We’re happy to share some exciting news: North Carolina has been ranked the #1 state for business in 2025 by CNBC’s annual Top States for Business report. As a firm headquartered in this dynamic and fast-growing state, we believe this recognition affirms what we’ve long known: North Carolina is an ideal environment for businesses to grow, thrive, and innovate.
Why North Carolina Stands Out
Each year, CNBC evaluates all 50 states across 10 categories, including workforce, infrastructure, economy, and cost of doing business. North Carolina earned top marks thanks to:
- A world-class workforce – With a strong pipeline of talent from top universities, robust training programs, and a diverse, skilled labor force, NC ranked #4 in workforce.
- Infrastructure and innovation – Continued investment in transportation, broadband, and clean energy has made the state a magnet for industries ranging from manufacturing to tech and life sciences. NC ranked #11 in infrastructure.
- A pro-business climate – Low corporate taxes, competitive costs, and strong public-private partnerships have helped attract a steady stream of new investment and company relocations. NC ranked #4 in business friendliness.
A Look at the Top 3: North Carolina, Texas, and Florida
While North Carolina took the top spot, it shares the podium with two other powerhouses that continue to drive national competitiveness- Texas and Florida.
#2: Texas
Texas remains a magnet for business with its large labor pool, rapid economic growth, and strong access to capital. The Lone Star State is particularly dominant in energy, technology, and logistics, and continues to attract corporate relocations and startup activity alike. Its robust infrastructure and low cost of living make it a favorite for major corporations like Tesla, SpaceX, Chevron, Oracle, and CBRE to relocate or expand their headquarters.
#3: Florida
Florida secures the third spot, celebrated for its robust pro-business environment and surge in new enterprise formation, complemented by favorable tax policies and workspace flexibility. It’s recognized as a national hotspot for new business, and in 2024 alone, Florida averaged 72 new business applications per hour, more than any other state. This Southeastern powerhouse tops charts for economy, talent, and funding access, ranking #1, #2, and #3, respectively.
What Sets These States Apart
Across the top 3, several shared strengths emerge:
- Tax-friendly policies – No state income tax in TX and FL, low corporate rates in NC.
- Corporate relocations & expansions – All attract big names and significant projects to their areas.
- Tailored regulatory environments – All three states emphasize rapid permitting, infrastructure development, and business-friendly frameworks.
What This Means for Our Clients and Partners
Our firm serves clients across the U.S., but our roots in the Southeast- North Carolina in particular- run deep. This environment gives us a strategic advantage when it comes to:
- Connecting companies with top leadership talent in a region that’s becoming a magnet for both executives and up-and-coming professionals.
- Supporting private equity-backed growth in sectors like manufacturing, healthcare, and infrastructure, many of which are thriving here.
- Operating in a state that mirrors our values: forward-thinking, people-focused, and results-driven.
Looking Ahead
We celebrate this recognition not just as North Carolinians, but as partners in the business community. As our state continues to grow and lead, so do the opportunities to build great teams, grow strong companies, and create lasting impact.
Congratulations to all who make North Carolina the best place to do business in 2025. We’re honored to be part of the story.
Looking to expand your team in North Carolina and beyond? Contact us today to see how our high-touch boutique services can help you achieve your business goals. Our results are always guaranteed.
About Human Capital Solutions
Human Capital Solutions (HCS) is a high-touch, boutique consulting firm specializing in Retained Executive Search, Professional Recruiting, and Professional Coaching. Our team of subject matter experts partners with organizations across the U.S. to engage and deploy human capital to achieve desired business outcomes. HCS specializes in Private Equity, Technology, Hospitality, Industrials, Life Sciences, and Healthcare executive search.